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Compulsory traffic insurance , with another calling TRAFFIC INSURANCE, as it will be easily understood with its name, it is a kind of insurance that makes indemnity payment by the insurance company within the limits written on the policy to third parties when you give damage to their goods or souls This is a must for all vehicle owners
The premiums are changed accoridng to the varuety of the vehicles and also the premiums are changable having or not having an accident. Also, depending on the “TRAMER” regulation starting frol July 2004, there may be some Premium differences. To provide the continuation of the present damageless discount, the policy must be renewed at the end of the term. If the policy is renewed not on the expirt date but within one year after expiry date , all discount rights are lost. If the policiy is renewed within one month after expiry date, 40% surpremium is given to the policy. Also the expired or about to expire policies copy must be given to agency. Otherwise 60% surpremium is taken.
It is a crime not to maket his traffic policy, and also ydou might have worse situations in case of an accident and payments to opposite party about losses. It is necessary to renew your traffic policy when its term is matured and not to postpone it and the easiest way, you should better give this duty to serious establishments to follow up these procedures for you.
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